BETTING KENYA Betway returns to Kenya after a 20% tax 3 years ago Iwo Bulski Post Views: 1,044 The Kenyan regulator has decided to reinstate Betway’s operator licence after the bookmaker had agreed to introduce a controversial 20% tax on sports betting winnings. Kenya’s Betting Control and Licensing Board (BCLB) announced the tax this week, and has since reinstated Betway’s licence after a month-long absence from then Kenyan market. Previously, the 20% tax was only applicable to the winnings for a sports bet, but under the BCLB’s new proposals, the tax will now apply to the stake placed. This controversial decision has led to legal battles and the revoking of the operating license for Betway and 26 other operators. The announcement that Betway would be allowed to operate in Kenya was announced on the bookmaker’s Twitter account. The operator has since specified that the tax would be implemented to ensure “full compliance” for current taxation rules and laws as confirmed in a separate statement. The BCLB had previously suspended the licences of 27 bookmakers, with the regulatory body detailing that it would not stop its strong-arm tactics until the Kenya Revenue Authority (KRA) had managed to recover billions in ‘contested’ industry taxes. In addition to this, the regulator had reached out to three of Kenya’s biggest mobile payment providers and requested that they stop processing payments for the 27 bookmakers. Sports betting operators have previously come under fire in Kenya amid claims of high gambling addiction rates in the African country. Source: sbcnews.co.uk About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Betway, Kenya, taxes Continue Reading Previous Gaming bans in Uganda and KenyaNext Kenya – Highway to Hell or On-Ramp to Digital Finance? More Stories KENYA ONLINE Leading Africa’s casino GamePawa launches in Kenya 4 hours ago Szarlot BETTING KENYA Court orders gambling firm to pay former staff Sh12m in terminal dues 6 hours ago Samuel BETTING SOUTH AFRICA Kambi Group to Continue Supplying SunBet with Solutions 8 hours ago Samuel BETTING GHANA Betway extends sponsorship for Ghana Women’s Premier League 9 hours ago Samuel BETTING WORLD NEWS LeoVegas Group launches new global partnership with Inter 9 hours ago Iwo Bulski BETTING KENYA Ndungú’s stake in Sportpesa firm risks seizure without pay 1 day ago Szarlot BETTING NIGERIA Parimatch Tech evolves into GR8 Tech 1 day ago Szarlot CASINO KENYA Illicit brew, counterfeit goods retrieved in a nationwide police crackdown 1 day ago Samuel BETTING SOUTH AFRICA SIS, Kiron Interactive in Africa partnership 4 days ago Szarlot BETTING UGANDA Melbet online betting is a stable source of income 4 days ago Szarlot BETTING WORLD NEWS Bookmaker 1xBet denies problems with license and connection with Russia 4 days ago Samuel EXPERTS KENYA Gamblers Rejoice As Court Scraps Nairobi Law 4 days ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.